1st LD Writethru: Hong Kong stocks jump into bull market

0 Comment(s)Print E-mail Xinhua, April 29, 2024
Adjust font size:

HONG KONG, April 29 (Xinhua) -- Hong Kong's Hang Seng Index jumped more than 2 percent to surpass the 18,000 points mark in Monday's morning trading, extending gains seen this month to enter a technical bull market.

The benchmark index was up more than 20 percent from a low of below 15,000 points in January this year, marking the first time it has hit the psychological 18,000 points mark since November 2023. A bull market is generally defined by a 20-percent rise in stock prices over a period of time.

Hong Kong's Hang Seng Tech Index, which represents the 30 largest technology companies listed in Hong Kong, continued to climb on Monday, with artificial intelligence software provider Sense Time jumping to a four-month high.

Hong Kong stocks have been among the best performers globally in April, with signs of inflows of overseas funds, analysts said. Enditem

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter